October 31, 2017/Cordros Research Treasury bills worth N100.84 billion will mature on Thursday, 2nd October, 2017 – comprising N23.06 billion, N23.43 billion, and N54.35 billion of the 91-day, 182-day, and 364-day bills, respectively. In customary fashion, the CBN will offer the same amount at the primary auction which will hold […]
Results & Dividends
FLOURMILLS Q2-17/18 PAT; FX Gains Spur Earnings
October 31, 2017/Cordros Research FLOURMILL just published Q2-17/18 and H1-17/18 results showing high double-digit growth in post-tax profit. The primary driver of the profit growth (as was the case in Q1) is a net operating gain of N1.92 billion, against a loss reported in Q2-16. That aside, gross profit was […]
Okomu Oil Records Weaker-Than-Expected Topline and Margins in Q3 2017
Culled—Proshare October 31, 2017/FBNQuest Research Event: Okomu Oil reports Q3 2017 results Implications: Modest revisions to consensus estimates likely Positives: Limited to net finance cost improving from –N102m in Q3 2016 to a positive income of N65m Negatives: Weaker-than-expected topline and margins Late yesterday, Okomu Oil (Okomu) reported its Q3 […]
